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Stock impact report

FTSE 100 Live: Stocks sell off in Asia as markets react to Iran war [Yahoo! Finance]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
While oil and gas prices have spiked, the initial reaction to the fighting in the Middle East has been relatively muted, says market analyst Chris Beauchamp at IG. Oil price gains "appear contained for now", he says, "as we wait to see if shipping through Hormuz can continue at lower levels or will be blocked entirely. "Oil and gas infrastructure in the region has not yet been extensively targeted, keeping oil well south of the $100 barrel range that many expected as a result of the weekend." Stock market losses so far in Asia are not massive as "investors have had one eye on the possibility of war for weeks", Beauchamp says. "But with Trump saying the campaign could run for four weeks, there is plenty of scope for more downside should the conflict widen to encompass oil and gas infrastructure, a move that would likely see oil make further progress towards three figures.” Kathleen Brooks at XTB notes that the gold price is higher by more than 2%, the dollar is the top perfo Show less Read more
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